Bird’s weak stock market performance impacts the entire e-scooter industry

Bird’s first-quarter earnings show a company struggling to maintain ridership and revenue — two legs of the profitability stool for the shared micromobility market. Bird did manage to cut costs — that would be the third leg — but it wasn’t enough to convince investors that the scooter company can find its way to profitability.
Bird shares tanked almost 19% following the release of its first-quarter earnings and is now trading at $0.12.
Bird’s earnings can be treated as the canary in the scooter coal mine for the rest of the industry (although it should be noted that each comp

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